Debating Where Tech Will Take Finance
Why should banks and credit bureaus be the keepers of our identity? On the other hand, why should Facebook or the blockchain?
Matt Levine on the president's financial regulation roll back
The main objection to the Labor Department's fiduciary rule is it might push people who would otherwise get bad retirement advice to instead get no retirement advice. That objection is hard to say with a straight face.
Wall Street Analysts Give Investors What They Want
If you believe that a sell-side analyst's job is to tell people which stocks to buy, you need to stop believing that right now.
Supreme Court Leaves Insider-Trading Law Alone
Insiders who corruptly misuse corporate information are guilty of insider trading. Investment analysts who call up the companies and asking them questions, are not.
Index Funds, Quants and Hedging: John Bogle Speaks
Bogle discussed some of the more abstruse critiques of index investing with Bloomberg.
Are Index Funds Communist?
Indexing is cheaper, yes, but that's because active management has positive externalities, and if no one will pay for it, those benefits will disappear.
Sometimes It's Hard for Owners to Talk to Companies
Why the U.S. Justice Department is casting a wary eye on public company executives talking to individual shareholders.
Doctors who prescribed Salix drugs ate pretty well
The message "spend spend spend" worked better than "educational events with modest meals."
Matt Levine on MetLife's annuity fine
Are variable annuities so complex that even reps don't understand them?
Regulators Don't Want Bankers to Be Paid for Taking Risk
There's something pleasingly quaint about reading a new bankers' compensation rule, with its implication that what needs changing about banking is the culture of risk.